BAM UK spared axe as 650 jobs cut

Grant Prior 10 years ago
Share

BAM announced 650 job losses today as part of its £80m cost-cutting drive across the business.

The UK operations appear to have emerged unscathed from the Back in Shape programme which was instigated earlier this year following a series of unexpected losses on projects.

The redundancies are centred on operations in Holland and Belgium where BAM businesses are being streamlined.

The Dutch and Belgian operations will now be run in a similar fashion to the UK with distinct construction and civil engineering divisions.

BAM currently employs 9,700 people in the Netherlands.

The Back in Shape programme will see BAM’s tendering and delivery processes improved across the group following losses of £60m on “a mid-sized UK civil engineering project which was bid for in 2012.”

CEO Rob van Wingerden said: “Our recent performance shows that we need to change in order to deliver on our Group strategy and capitalise on our potential.

“So we are reshaping our operational model by strengthening our culture, simplifying our structure and sharpening our processes.

“That will translate into better project control, a lower cost base and stronger balance sheet. And that in turn will improve our competitive position and create more value for our shareholders.”

The firm added: “The Back in Shape programme will improve BAM’s tendering processes and project execution.

“This improvement will centre on better insights into project risks and opportunities, financial as well as operational.

“As a result, the quality of new order intake will continue to improve, while at the same time BAM works through its backlog of older projects. BAM aims to get its results on projects into a 2 to 4 percent range in the longer term.”

 

Latest news

Osborne staff start looking for new jobs

"Open to Work" flags appear on LinkedIn profiles
3 days ago

Plan rejected for 42-storey tower above historic building

Councillor describes as ludicrous plan to build 300 flats above Georgian mansion
3 days ago

Ventilation deal could hike product prices for contractors

Watchdogs at CMA launch probe after duct firm acquires rival
3 days ago

Tide gets go-ahead for London 412 student flats scheme

Volumetric developer secures planning for West Ealing project
3 days ago

Green light for £75m Friar Gate Goods Yard in Derby

Construction set to start this summer on revamp of historic buildings
3 days ago

Robertson to deliver £45m Newcastle NHS Trust works

Capital works will be focused on Freeman Hospital and the Royal Victoria Infirmary sites
3 days ago

Winners named for £2bn Healthy Homes framework

CHIC reveals line-up of over 40 firms for net zero and building safety works
3 days ago

Plan lodged for tallest skyscraper outside London

Developer Salboy submits plan for 76-storey Manchester resi tower
4 days ago

Curo starts £170m race for new homes framework

Bath housing association plans to build up to 300 homes a year
4 days ago

Gove approves major Cambridge North mixed-use scheme

Government backs controversial scheme of 424 flats and 600,000 sq ft of tech and lab space
4 days ago

Pontins holiday park to house Sizewell C builders

Suffolk holiday park to house 500 nuclear construction workers
4 days ago

Adrian Bloor targets 1,000 homes-a-year

Expansion plans after major investment into challenger house building business HarperCrewe
4 days ago

Housing firm fined £528,000 after cable strike

Maintenance workers given no information on underground services
4 days ago

Berkeley subbies face six weeks without payments

Introduction of new finance software means payment hiatus for suppliers
5 days ago

Pagabo reveals 56 winners of latest £1.6bn retrofit deal

Decarbonisation Solutions Framework launched: Full list of winners
5 days ago

Go-ahead for £100m Liverpool Love Lane flats

500-flat scheme will be built across four blocks in Vauxhall area of city
5 days ago

Unions win HS2 site access battle at Old Oak Common job

Skanska, Costain, Strabag JV now the last denying unions access to HS2 sites
5 days ago

Contractors jack 1,100t viaduct into place in 13-hour operation

158m-long composite deck structure jacked into place 10-hours ahead of schedule
5 days ago

Wates wins former Daily Mail printworks transformation

British Land advances major cultural venue at London’s Canada Water
6 days ago

Mace poaches Ramboll chief to be Head of Engineering

Martin Feakes will develop civil and structural engineering offer at Mace
6 days ago

Subcontractors form alliance for major civils jobs

Trio of specialists join forces to collaborate and offer Tier 1 contractors a turnkey solution
6 days ago

Fear of supply chain failures boosting collaboration

Procurement survey also reveals project bank account use is rising
6 days ago

Wates sets up business to target 160,000 mouldy social homes

Healthy Homes service will be offered to social landlords across England
6 days ago

Higgins wins £75m Peabody Passive House job

Latest phase of Deptford Landings to start construction
6 days ago

Contractors and unions agree Sizewell C working deal

New deal offers improved sick pay and parental leave over Hinkley Point deal
6 days ago

Competition chiefs win legal fight for more construction raids

High Court rules CMA officials can raid a domestic property as part of investigation
6 days ago

More Osborne companies file administration notices

Three more divisions lodge notices with court
7 days ago

McLaren wins multi-storey urban logistics contract

South London win with British Land is pioneering urban logistics hub
7 days ago

Big social housing schemes at risk over funding uncertainty

Housing associations warn uncertainty over public funding beyond 2026 is curbing new schemes
7 days ago

Kier wins Worcestershire town centre renewal

Firm secures Bromsgrove commercial and cultural hub project
7 days ago

Contractor services